“Rising health concerns combined with increasing per capita income is driving the growth of the market”, says Visiongain report

04 September 2019
Food and Drink

Visiongain has launched a new food & beverage report: Chinese Dietary Supplements Market Report 2019-2029 Forecasts by Ingredients (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, and Others) by Form( Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, and others) by End-user (Adults, Geriatric, Children, Infants and Pregnant Women) PLUS Profiles of Leading Companies

Dietary supplements represent the largest category within overall vitamins and dietary supplements in China, which continued to outpace the growth of vitamins in 2018. From 2017, a series of policies which accelerated the growth of consumer health was announced by the government; by the National Development and Reform Commission, in addition to The State Council of the People’s Republic of China. Thus supportive government policies are significantly driving the growth of Dietary Supplements in China. Moreover, by categories glucosamine is projected to expand with significant CAGR over the forecast period. By end-user Infants and children, sub-segment are representing double-digit growth rate over the forecast period 2019-2029. In 2018, the growth is primarily supported by the widely executed two-child policy since 2016, which stimulated domestic demand for such dietary supplements in the local market. Further, parents in China are becoming ever more judicious in the purchase of dietary supplements for their children, along with improving consumer education and affordability, driven by rising disposable incomes even in lower-tier regions across China.

Some of the major companies operating in the Chinese Dietary Supplements market are Infinitus, Amway, Tiens, By-health, Perfect, Pfizer Inc., Suntory Holdings Ltd, Glanbia PLC, Glaxosmithkline PLC, Abbott, Bayer AG, Otsuka Holdings Co. Ltd, Sanofi and DEEJ. One of the major trend identified in the competitive landscape is domestic brands accelerated their moves to acquire the stock of renowned international brands across dietary supplements at regional and even global scale. For instance, By-health announced the acquisition of Life-Space Group, one of Australia’s leading consumer health enterprises. Also, manufacturers in dietary supplements, international brands are recognizing the vital role of channel optimisation in retailing, maximising local consumers’ access to dietary supplements through appropriate channel expansion.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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